Two Sigma Investments LP increased its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 896,039 shares of the company's stock after acquiring an additional 268,318 shares during the period. Two Sigma Investments LP owned approximately 0.31% of Taboola.com worth $3,271,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP lifted its position in Taboola.com by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after buying an additional 1,109,602 shares in the last quarter. Phoenix Financial Ltd. increased its stake in Taboola.com by 1.4% during the fourth quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company's stock valued at $27,002,000 after purchasing an additional 98,800 shares during the last quarter. Millennium Management LLC increased its stake in Taboola.com by 42.9% during the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Taboola.com by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock valued at $5,644,000 after acquiring an additional 443,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Taboola.com by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company's stock valued at $5,404,000 after acquiring an additional 63,324 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TBLA has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a research report on Thursday, March 27th. Citizens Jmp lowered shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Benchmark reduced their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. B. Riley raised shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target for the company in a research note on Thursday, May 8th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $4.25.
Read Our Latest Report on Taboola.com
Taboola.com Price Performance
TBLA stock traded down $0.08 on Tuesday, hitting $3.56. 1,468,634 shares of the company's stock traded hands, compared to its average volume of 1,326,629. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -35.60 and a beta of 1.21. The stock has a fifty day moving average of $3.10 and a 200-day moving average of $3.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.
Taboola.com announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 22.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.
Taboola.com Company Profile
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Free Report)
Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.
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